DigitalOcean on Wednesday told staff it was laying off about 11 percent of them, or approximately 200 employees.
A source within the cloud service provider told The Register about 100 employees were let go immediately and that the axe is hovering over another 100. Posts acknowledging the layoffs from some of those let go have already appeared on social media sites including LinkedIn.
A slide presented to employees at a meeting today suggests the biz hopes to avoid further staff reductions in the near future: “Our goal was to do this once so we would move forward towards business as usual again. Ongoing reductions are disruptive to the business and more importantly our employees, and we would like to minimize this as much as possible. There is no plan at this moment in time to conduct future reductions in force.”